Determine with reason, whether the following statements are true or fasle with reference to provisions of GST law: (ii) "A Non-banking financial company (NBFC) can issue a consolidated tax invoice at the end of every mon
CS Professional · Advanced Tax Laws · PYQS · June 2019
Determine with reason, whether the following statements are true or fasle with reference to provisions of GST law: (ii) "A Non-banking financial company (NBFC) can issue a consolidated tax invoice at the end of every month for the supply made during that month".
Answer & Explanation:
The given statement is true . A non-banking financial company is allowed to issue a consolidated tax invoice or any other document in lieu thereof for the supply of services made during a month at the end of the month. [Rule 54(2) of the CGST Rules, 2017]
Topics: GST
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